Enhancing Emergency and Retirement Savings Act of 2022 This bill permits penalty-free distributions, up to $1,000, from tax-exempt retirement plans for emergency personal expenses, limited to one distribution in a calendar year. The bill allows repayment to plans of such distributions over a three-year period.
Enhancing Emergency and Retirement Savings Act of 2022
USA117th CongressHR-7146| House
| Updated: 3/17/2022
Enhancing Emergency and Retirement Savings Act of 2022 This bill permits penalty-free distributions, up to $1,000, from tax-exempt retirement plans for emergency personal expenses, limited to one distribution in a calendar year. The bill allows repayment to plans of such distributions over a three-year period.